Analysis for March 11th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Hammer and Engulfing Bullish patterns indicate an ascending movement. Three Line Break chart shows a bullish tendency; shooting Star pattern and Heiken Ashi candlesticks confirm a descending correction.
The H1 chart of EUR USD shows a bearish correction. The upside Window provides resistance. Three Methods continuation pattern shows a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the closest Window provided support once again. Harami pattern close to the Window indicated an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish movement.
RoboForex Analytical Department
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